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Oh my copper-gold-silver prices this morning :)
i know not a producer yet, this only increases value of assets in the ground and copper bond financing yet to be closed, firmly placing the brakes on the SP
have a nice weekend all
DYOR and GLA
Let's just hope we're not watching it from the sidelines in a couple of years because PXC still haven't sorted the finance for it!!! ATB
Gold and Silver are both undervalued, but silver when compared to gold should be multiple of where it is. The silver move will be very interesting to watch.
And don't forget about our Silver & Gold .........52year high just now for AU......£1,916.84
#Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century
Slightly odd topic but I read today that the word 'delve' albeit a fine word in itself, is a massive indicator that ChatGPT has been used to write the article/book/report. Stats back up the claim
"Realise the bonds aren't going to happen"
Really??
You start off thinking your company will be a great success. Try to minimise dilution by issuing bonds. Realise the bonds aren't going to happen. Start doing placings then just keep doing them until you retire.
"Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton)."
I would think by end of 2025 we will be above $12K and circa $1K a tonne increase each year taking it to a high of $14K or $15K
All irrelevant here if things don't go to plan with the financing - I'm betting they will though :)
Yes fully agree with the frustrating sentiment ! I just keep telling myself that the company are following a professional and diligent pathway in order to attain the maximum output from this mine. This takes time and patience. Ryan knows 100% what he doing so trust he is working for us in the long term. No cutting corners at any cost !
Looking good for the future we just need to get the metals out of the ground before hell freezes over!
A somewhat impatient but still optimistic Ducks.
Amidst the fluctuations of the copper market in 2024, anticipation runs high for the red metal's trajectory. Recent analyst polls indicate a projected average price of $8,625 per ton, reflecting a resilient 5% increase from the year's outset.
Factors such as supply shortages, spurred by closures like Cobre Panama, and the surge in demand for energy-transition metals are key drivers. Notably, India's urbanization is silently shaping the market ahead of previous forecasts, catching investors off guard.
Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton). We'll also spotlight projects deserving investor attention as copper's long-term journey upward unfolds.
A sudden raft of welcome buys- a little blue, hopefully, fomo setting in for anticipated bonds and/or pfs.
If only they could mention in their next rns, that they have observed rare earth elements (joking), we could do many bags.
Its a good option for us. Deffo more confident about securing some finance if bonds don't complete.
With the bull market in cu anticipated-I would have thought the bod would explore the oftake route to production if the bond buyers are being difficult.
....Gold and silver could have quite a way to go yet. Silver especially when compared to Gold.
I've done my Bed and ISA today. Great bit of luck at this low price if SP does go up. Huge tax saving.
11.70 is a buy, done a small top-up.
Or even down to 11p now....although some are related to share/tax balancing in the new fiscal year!
Any trade above 11.8p today was a BUY...(possibly? also some below 11.8)...but because they "appear" to be sells....a few have been tricked into selling around 11.75 to 11.51p.......Be aware!
The 2021 NPV would likely of been based on sulphuric acid and two stage processing. Copper production for 5 years then other metals for 5 years. The whole process is now likely a single pass for all metals over 5 years. Needs confirming in PFS I guess.
Thanks MTSparky.
Comparing with current prices, makes for some nice reading.
No more posts from me - 3 is enough for the week lol
PXC NPV $105m pre-tax used Cu $3.8, Zinc $1.2, Gold $1825 and Silver $27. This was 2021 though.
Lol mates rates!
As for PFS - aha just read it, Jan RNS
"The PFS for the Empire Open-Pit Mine is nearing completion, and barring any unforeseen delays is anticipated for delivery to the Company by early Q2 2024."
Was having a look at the last corporate presentation - plz could someone tell or direct me to the prices used for copper-gold-silver-zinc for the $1.36B M&I and $600M+ Inferred resource.